Mortgage Servicers Are Warned A 3rd Time To Adhere To The CARES Act

The CFPB And Conference of State Bank Supervisors Warn Mortgage Servicers To Adhere To The CARES Act For The 3rd Time Government agencies have issued a third warning to mortgage servicers to adhere to the CARES Act. The CFPB and the Conference of State Bank Supervisors have sent their third warning to mortgage servicers. The […]

Mortgage Forbearance

Mortgage Forbearance Alert: 4.2 Million Mortgages In Forbearance

Mortgage Forbearance Alert: Whopping 4.2 Million Homeowners Are In Mortgage Forbearance Agreements Mortgage lenders across the USA have placed a whopping 4.2 million mortgage in mortgage forbearance. The Mortgage Bankers Associations says this represents 8.4% of outstanding home loans. The numbers increased from 4.1 million mortgages last week. The MBA says Ginnie Mae mortgages were […]

COVID-19 Mortgage Forbearance

COVID-19 Mortgage Forbearance Alert: Mortgage Servicers Busted Again!

Mortgage Servicers Busted Reporting COVID-19 Mortgage Forbearance Agreements To Credit Reporting Agencies Mortgage servicers are at it again with the shady tactics. This time they are reporting COVID-19 mortgage forbearance agreements to the credit reporting agencies.  Mortgages in forbearance as a result of COVID-19 have to be reported as “current” on credit reports. That’s the […]

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